NewsWare’s Trade Talk: Tuesday, September 20

S&P Futures are moving lower this morning. The market's main focus is on tomorrow's FOMC decision, yet housing will be in focus as well. This is a big week for housing reports plus home builders LEN & KBH are scheduled to release earnings. Fed officials have made clear they are willing to accept a recession if it is the price of slowing the pace of inflation. Data last week showed inflation remained strong, cementing expectations the central bank will keep raising rates. A 75-basis point hike remains the most popular prediction.